The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-06
CONDITION OF THE MARKETS.
Wheat Opens Slightly Lower and Fluc-
tuates but Little During the Day.
,orn Dull and Slow, Outside Orders Keeping
Very Scarce-0ats Dull and Easy-Provis-
ions Unsett,ed-POrk Slightly Lower.
MONEY, BONDS AND STOCKS.

The "Buils" Force Prices During the Day,
tho Latest Figures Being the Highest.
NEW YORK, Feb. 5.--Money call easy at
S04 per cent, closing at 3 "a per cent.
Prime mercantile paper, sac per cent.
Stssling exchange was duh but steady and un-
changed.
ne total sales Of stocks to-day were 37s 661 shares
Including the following: Canada Southern 1850;
Delaware Lackawanna & Western, 2O,42O; Erie,
1885 Kansas & Texas A, ZOO; Lake Shore 80 040;
Louisville g. Nashville 81 465; Northwestern q 745;
New Jersey Central 8 74O; New York Central s. $50;
Northern Pacific preferred, 3,029; Ohio 8 Missis
sippi, 5,375; Pacific Mail 7040; Reading, AZ, i04
St. Paul GO. 231; Union Pacific, 26, $50; Western
Union, "a, 235.
Government bonds and State bonds were duh and
steady.
The signing of the interstate commerce bill had
appreciablc effect upon stocks which created surprise
though it is well understood that its effects have been
discounted for some time. The strength of the
foreign markets however also had reassurng effect
upon operators here and the bulls forced prices up
throughout almost the entire day the lowest prices be-
ing made shortly after the opening and the highest
In the last half hour Many operators who have been
absent from the market for some time to-day
open buyers and the development of speculation in
ST. Paul did great deal to bring outsiders into the
market, the Inference being that the Chicago people
have again taken hold for rise The foreigners were
moderate purchasers and though the advance met
with considerable resistance early in the day general
covering of shorts buoyant tone to the market
the afternoon. 81. Paul became the leading feature
early in the forenoon. and Lake Shore louisville
Nashville, Western Union and Union Pacific all shared
in the general advance. The Boston people re-
ported to be heavy purchasers of the latter The
fdence of the buying is believed have eliminated
the greater part of the short interest lately existing
in the market. The opening was strong, advances
over last evenings final figures ranging iii, TO
d per cent. There fJkther slight
advances in the early fading but the
vigorous resistance of the forced prices down
TO small fraction. oeow opening figures during the
drat Ea's .our. The advance however, was resumed,
and slow but steady subject to frequent
slight reactions until p NJ. After that time great
rush to took place and vim being impaired
to the dealings the advance accelerated, and was
only checked toward the close, which strong, at
abost the best figures. reached. Sales. 37s 661
shares Closing prices this evening show material ad
vances for nearly the entire active list ST. Paul being
mp 23s; Norfolk e. Western, preferred, 2l4; Lake
Shore .. Louisville & Nashville, Denver, preferred
and Northwestern SO each.
Railroad bonds more active, though the only
special features the activity and advance in tn,
Texas Pacific Rio trust receipts which gained Ole
cent at 6S. on sales of 1896 600 Erie seconds were
the only other active issues the sales being 00(
out of total days business of 81, 672 900. Closing
quotations were